On nightly siness for wednesday, september 2 good evening, everyone. And welcome. Im sue herera. Tyler mathisen is on assignment tonight. The Federal Reserve did not budge. Though there was some disagreement, policymakers decided not to raise interest but the central bank did say a few iortant things. That nearterm risks to the economy were more balanced, it signalled a possible rate hike this year and lowered its outlike for longterm Interest Rates and with that, stocks took off. The Dow Jones Industrial average grew to 18,293. The nasd added 53. Harpton pearson has more on what janet yellen signalled to investors. Policy makers say its not yet time to raise key Interest Rates. Inflation is too low and there is still room for further improvement in th most of us judge that the case for an immediate increase in the federal funds rate is stronger, but it would be sensible, given the finding of a bit more running room to wait to see some continued progress, evidence we continue to progre
On nightly siness for wednesday, september 2 good evening, everyone. And welcome. Im sue herera. Tyler mathisen is on assignment tonight. The Federal Reserve did not budge. Though there was some disagreement, policymakers decided not to raise interest but the central bank did say a few iortant things. That nearterm risks to the economy were more balanced, it signalled a possible rate hike this year and lowered its outlike for longterm Interest Rates and with that, stocks took off. The Dow Jones Industrial average grew to 18,293. The nasd added 53. Harpton pearson has more on what janet yellen signalled to investors. Policy makers say its not yet time to raise key Interest Rates. Inflation is too low and there is still room for further improvement in th most of us judge that the case for an immediate increase in the federal funds rate is stronger, but it would be sensible, given the finding of a bit more running room to wait to see some continued progress, evidence we continue to progre
Generally up beat view of the economy, saying Household Spending is growing strongly and job gains solid. It held off from hiking rates, quote, for the time being. Noting that inflation remains below its 2 target and trying to give the job market more room to run before hiking rates. But the statement and fed chair janet yellen in her press conference later on suggested that rates will likely rise at least once this year. Most participants do expect that one increase in the federal funds rate will be appropriate this year. And i would expect to see that if we continue on the current course of labor market improvement and there are no major new risks that develop. And we simply stay on the current course. So theres this new metric now, where you can think about for deciding whether or not the fed is going to raise rates. Whether labor slack is being absorbed. This chart shows the feds concern here. Job growth strong, 180,000 average the past three months. The Unemployment Rate hasnt dec
Bank of america and wells fargo beat, jpmorgan falls short. Results from delta and intel. Both coming ahead of consensus. And the read on retail sales slightly below expect tatioexpet Doug Mcmillan giving a rosier assessment. Bank of america had good Third Quarter results. Wells fargo had a beat as well. Its loans helping to lift profits. And jpmorgan missing with its quarterly results. Jamie dimon spoke about his banks expenses on last nights Conference Call. I spoke my whole life on good expenses, bad expenses. Bad expenses are waste, things you dont need. We want expenses go up. We find marketing opportunities, well spend it. If the Investment Bank does better. Thats how we run the company. That wont ever change. Once again, jim, story is loan growth is good, but the trading revenues are challenging almost everywhere. Yeah. People will say when they listen to bank of america, which was an excellent quarter, okay . Bank of america is making money in that business, why shouldnt jpmorg
To early start. Im john berman. Im christine romans, its wednesday, september 21st. Its 4 00 a. M. In the east. Tensions rising in North Carolina after a Fatal Shooting. Protesters and at least a dozen officers injured in the clashes that turned violent. Protesters later setting a fire on the road, looting trucks forced to stop in place. The mayor of charlotte calling for calm, calling for a full investigation into the shooting of 43yearold Keith Lamont Scott of officer brently vincent. Both the officer and the victim are africanamerican. Listen to the police chief to describe what led up to the shooting. At this point, all we know theyre in the apartment complex parking lot. The subject gets out with a weapon, they engage him. And one of the officers caused lethal death and fired a weapon. So the weapons were fired . Absolutely, theyre not specific to the deceased, we dont know theres in a connection to the deceased. That explanation of what happened in that parking lot is not sitting